China Railway wins US$ 2.8 billion contracts

Chinese state-owned contractor China Railway Construction Corporation (CRCC) has been awarded two contracts worth a total of CNY 13.2 billion (US$ 2.38 billion) for transportation projects in the provinces of Shandong and Hebei.

The largest contract was for a CNY 10 billion (US$ 1.6 billion) project to build transport facilities for the planned “Blue Silicon Valley” (BSV) project in Qingdao city, Shandong province. The BSV project envisages developing a new marine technology and science centre by reclaiming 443 km² of land from the seas surrounding the Qingdao city area. The aim is to develop the area into an economic zone by 2015.

Separately, CRCC was awarded a CNY 3.2 billion (US$ 524 million) contract to construct the first section of a new metro line in Shijiazhuang, the capital of Hebei province. Metro Line 3 will run from Erzhong Station to New Shijiazhuang Station, and is planned to also provide a link to Zhengding New District in Shijiazhuang.